Question: please finish the journal entry Instructions: 1. Prepare the journal entries for transactions A-T below and record them on the Journal Entries tab. 2. Once


Instructions: 1. Prepare the journal entries for transactions A-T below and record them on the "Journal Entries" tab. 2. Once you have created the joumal entries, post them to the "T-Aceounts" tab. 3. Prepare journal entries for adjusting journal entries 1-6. 4. Post the adjusting entries to the correct T-Accounts in the "T-Accounts" tab. Transaction No. Transaction F May 31: Pane seils window panes to customers. Some customers paid in cash, others purchased their goods on Chapter. account. Pane uses the perpetual method to track their inventory. 6 :- CashSalesSalesonaccountCostofGoodsSold5,367,00040,054,00013,250,000 G. June is Pane pays for the inventory purchased in transaction E. H July it Pane pays cash for a patent that will allow them to produce a revolutionary new window for boats and ather marine vehicles called "T-Panes". Cost of Patent Remaining legal life of potent (in years) 590,000 4 July 28: Pane issued shares of common stock 11 Number of shares Par Value Price Per Share 5,210 52 5174 Instructions: Prepare the journal entries for each transaction listed on the "Transactions" tab. To the left, you will find yellow cells highlighted for each debit and credit account and amount needed for each transaction. DO NOT add additional rows to the journal entries below. Only type in the boxes that are highlighted yellow. Reminder: Record only the transactions and adjusting entries, not the closing entries, in this tab. E F Dr. Cr. Dr. Dr. Cr. G Dr. Cr. H Dr. Cr. 1 Dr. Cr. Cr
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